Preamble

[Translation in English of “2003-ലലെ കകേരള ഗവൺലമെനന്റ് ഗഗാരണണ്ടികേളളുലടെ പരമെഗാവധണ്ടി പരണ്ടിധണ്ടി ആകന്റ്” published under the authority of Governor.]

ACT 30 OF 2003 THE KERALA CEILING ON GOVERNMENT GUARANTEES ACT, 2003*

An Act to provide for ceiling on Government guarantees and other matters connected therewith or incidental thereto.

Preamble.—WHEREAS it is expedient to provide for ceiling on Government guarantees issued on behalf of the Government departments, public sector undertakings, local authorities, statutory boards, corporations and co-operative institutions and for promoting fiscal discipline of the State;

BE it enacted in the Fifty-fourth Year of the Republic of India as follows:—